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Hehe
I have had people try to convince me to join in the Amway experience.
Most people have.
Except that these people were my parents
...and this is where I have a real problem with TIC...(if you haven't cottoned on as yet )
See, once you're in the Club, (and they won't let you in unless you buy a property off them) you get bombarded with Club loans, Club finance, Club maintenance, Club PM's, Club leasing co-ordinators, Club insurance, Club solicitors, Club building inspectors.....I mean these guys are classic.
Anyway, I'm tired of this unproductive subject, begone TIC.
Dazz has taken a break from SS for a while... so on his behalf, I can only say "Hah! 'Value-added services'! Is that what you call 'people from whom we obtain enormous kick-backs'!" ROTFLOLYou then go on to list most of the free, value added services, that we offer.
If any of the free services that we offer adds value, then does it really matter who gets paid what, in whatever form ? Is it any different to the many MB's on this forum who offer a free service to their clients and take a fee from the banks when they sell a product ? I don't really see the difference.
Just have to ask "TB",what does a support member of the company that you have been with for a long time do?,as nothing is free in this world and why compare yourself to the "MBs"in this site,generally most of the postsIf any of the free services that we offer adds value, then does it really matter who gets paid what, in whatever form ? Is it any different to the many MB's on this forum who offer a free service to their clients and take a fee from the banks when they sell a product ? I don't really see the difference.
I was actually trying to find some information and may need to start a new thread if I can't track it down in another thread if this has already been discussed, maybe you guys can help point me in the right direction ?
Spirit of Finance, now deceased, used to set up a system (and I'm sure others do this, too GenXlifestyle, for one,I think) whereby the IP loan was not paid back and the interest just accrues. The rent goes into paying down the home loan quicker and then finally the IP when the bad debt is all gone. Meanwhile, the interest on the rapidly ballooning IP is claimable as a tax deduction.
.
Do you have a specific question about debt recycling? It's a very basic and common strategy. You'll find plenty of info on it if you google it.
Ozperp,
As far as I am concerned, it is a win-win situation if I can help someone to buy a good property through the club and earn some money whilst doing it.
TIC support member ????? Knowledgeable, experienced,
of your product, until the sale is donesupportive,
disguised fees and commissions added in to the cost does not mean freefree
I'm sure it is, for you- Win-Win ??? Yes, I believe so.
Originally Posted by Peter 14.7 View Post
Like the first sparrow of spring, say hello the first property spinners of the new boom.
I wouldn't bag the Investors Club as some people (like me) wouldn't be where they are now without this organisation. I bought a great unit in Kedron from them about 8 years ago. It cost me $156,000 and is now worth close to $400,000 - rents for $350 a week. I was very happy with the support member who assisted in getting me a free quantity surveyor's report and discounted landlord insurance. I know that there were conflicts of insurance but it didn't disadvantage me.
Like all organisations there are the good and not so good so please don't bag all "support" members just because of the negative press that TIC got a few years ago.